Buy to let mortgages
Buy-to-Let property can be a welcome asset for a landlord with a portfolio of properties or someone looking at investing in their first property.
If you are thinking of buying a property to let, a mortgage is one of the most important considerations. We can help you find a competitive Buy-to-let mortgage, whether you are buying an investment property or remortgaging an existing one.
Commercial and Buy to let mortgages are not regulated by the Financial Conduct Authority.
Commercial mortgages are on a referral basis.
How do buy-to-let mortgages work?
Buy-to-let mortgages are in many ways just like ordinary mortgages, but with some key differences:
- Interest rates on buy-to-let mortgages tend to be higher
- The minimum deposit for a buy-to-let mortgage is usually more
Buy-to-let mortgage rates
Buy-to-let mortgage rates vary and are dependent on the risk of the mortgage to the lender as well as the deposit available for an individual to put down. Buy-to-let mortgages rates are often higher than residential rates.
With a buy-to-let loan, mortgage lenders will look at the expected rental income and some may require a minimum earned income too.
You can usually choose between a range of mortgage deals, including fixed rate and tracker loans.